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Yat Siu announced the next phase of 300,000 $MOCA tokens, with winners selected through the KIP Protocol AI.
On Jan. 13, Yat Siu, co-founder and executive chairman of Animoca Brands, announced the requirements for the second phase of the Moca Network ($MOCA) token airdrop, which will distribute 300,000 $MOCA tokens to Mocaverse community members.
Yat Siu recently shared details about the airdrop on X, outlining the steps for participation. To join, users must submit their $MOCA ID, share their thoughts on Mocaverse, and complete specific tasks, such as following and retweeting the announcement.
1/ Announcing the details of the 2nd stage for the 300k @Moca_Network $moca giveaway to start you need to:
— Yat Siu (@ysiu) January 13, 2025
Follow: @ysiu @Moca_Network @MOCAFoundation @animocabrands
RT and tag 3 frens interested in web3 and share your $MOCA ID (free if need one at https://t.co/gRD7URKZQd) https://t.co/b6yPNY32sK
Recipients will be selected using the KIP Protocol AI framework, which ensures a structured and unbiased process. This advanced system evaluates participants based on predefined criteria, enhancing transparency and promoting a fair and inclusive distribution of tokens within the Mocaverse community.
This second stage expands on a previous airdrop campaign that was launched in December 2024 as a component of the Token Generation Event for the Mocaverse project. In the first phase, community members who participated in community conversations and actively engaged with $MOCA $NFT-related tweets were rewarded.
1st stage will be rewarding initial post engagers and the $MOCA fam and am considering the 2nd stage for community engagement. Open to suggestions what kind of activation I should do for Part 2!
— Yat Siu (@ysiu) December 23, 2024
Mocaverse is an $NFT project by Animoca Brands, designed to unite its ecosystem of web3 projects, partners, and users. The $MOCA token plays a vital role as a utility token, enabling governance participation and encouraging user contributions.
As of Jan. 13, the $MOCA token is priced at $0.2123, with a 24-hour trading volume of $36.21 million. The market capitalization stands at approximately $345.16 million, based on a circulating supply of 1.63 billion $MOCA tokens.
$MOCA token airdrop - 1"> The impact of this second-phase airdrop on the token’s price remains uncertain. Airdrops often drive trading activity, but the influx of tokens can sometimes lead to short-term selling pressure, lowering the price temporarily. Conversely, the increased engagement and broader distribution could strengthen long-term value by building a more active and invested community.
The market’s reaction to this airdrop will become clearer in the coming weeks.